“When are taxes due?” Although April 15th is a well-known deadline, it’s not the only IRS deadline accountants have to remember, and it’s not the only date taxpayers should keep in mind. Here’s a quick overview of important 2023 IRS deadlines. Some things to keep in mind are that if the typical date falls on a weekend or holiday, the new due date will be the next business day. If you see some unfamiliar dates, that’s likely the reason why.Â
2023 IRS Tax Deadlines for Individuals
JAN. 17, 2023 – Deadline for Q4 2022 estimated tax payments.
JAN. 31, 2023 – Deadline for employees and independent contractors to receive their W-2.
FEB. 15, 2023 – Hurricane Victims:
APRIL 18, 2023 – Deadline for 2023 Q1 estimated tax payments.
APRIL 18, 2023 – Deadline for sole proprietors (businesses who report on a schedule C) and individual tax returns (Tax Day 2023).
JUNE 15, 2023 – Deadline for 2023 Q2 estimated tax payments.
SEPT. 15, 2023 – Deadline for 2023 Q3 estimated tax payments.
OCT. 16, 2023 – Deadline for 2023 individual tax returns that received a filing extension.
What happends if I miss a tax deadline?
If you miss the individual IRS tax deadlines, your best course of action is to file as soon as possible. Late penalties can be as steep as 5% of the total amount due for every month that you are late. You always have the option to file for an extension, and you can do so here. An extension delays the tax filing deadline and protects from the aforementioned penalties. However, keep in mind that an extension only delays the due date, not the payment date. If you owe, you’ll have to pay as soon as you file.Â
2023 IRS Tax Deadlines for Businesses
JAN. 17, 2023 – Deadline for Q4 2022 estimated tax payments.
JAN. 31, 2023 – Deadline for your employees and independent contractors to receive their W-2 or 1099-NEC/1099-MISC forms.
MARCH 15, 2023 – Deadline for partnership tax returns, including LLCs taxed as a partnership and S corp tax returns.
APRIL 18, 2023 – Deadline for Q1 2023 estimated tax payments.
APRIL 18, 2023 – Deadline for C corp tax returns.
JUNE 15, 2023 – Deadline for 2023 Q2 estimated tax payments.
SEPT. 15, 2023 – Deadline for 2023 Q3 estimated tax payments.
SEPT. 15, 2023 – Partnership and S corp tax deadline for those that received a filing extension.
OCT. 16, 2023 – C corp filing deadline for those who received a filing extension.
Different state requirements and special circumstances (like hurricane victims) may follow different deadlines. Check this info with a qualified accounting professional. If you need help finding out, reach out to us, and we can connect you to someone.
